iDirect Named Number 3 In The Washington Business Journal List of Fastest Growing Companies

iDirect Named Number 3 In The Washington Business Journal List of Fastest Growing Companies


10.21.2005


Herndon, VA -- October 21 - The Washington Business Journal, the premier publication for Washington DC based business, released its annual list of fastest growing companies in the Washington DC metropolitan area. iDirect Technologies debuted on the 2005 list as the 3rd fastest growing company overall and the 2nd fastest growing private company. With revenues of excess of $50M for 2004, iDirect demonstrated 194% growth from 2003 and 2,573% from 2002. A leader in designing and developing satellite-based broadband access solutions, iDirect offers unprecedented efficiencies, increased revenue opportunities and higher per customer gross margins to satellite network operators. The company's success is attributed in part to the capabilities of its broadband products in delivering applications to thousands of remote sites, as well as iDirect's cooperative relationship with it's customers. Through strategic partnerships with service providers like Intelsat and British Telecom, sales of iDirect routers and modems have increased exponentially, and continued growth is projected for 2005. "We have enjoyed several years of triple digit growth" said John Kealey, CEO of iDirect Technologies. "It is a testament to the dedication of the entire iDirect organization that we have been able to sustain such strong growth year over year."

iDirect has recently completed its acquisition by Vision Technologies Electronics, Inc., a subsidiary of Singapore Technologies Engineering, Inc.


About iDirect Technologies

iDirect Technologies, a subsidiary of Vision Technologies Systems Inc., designs, develops, and markets satellite-based broadband access solutions targeted at the enterprise, government, carrier and educational sectors that have the need for fast, flexible, and geographically dispersed two-way internet/intranet access. The company has developed technology solutions that combine high performance, worldwide availability, and ease of installation, high reliability, and low cost to end customers. In addition, iDirect solutions offer unprecedented efficiencies, increased revenue opportunities and higher per customer gross margins to satellite network operators. iDirect was awarded the 2005 World Teleport Association Teleport Technology of the year, the Innovation & Technology of the Year by The ISCe Advisory Board, and named number one in the Deloitte & Touche Virginia Technology Fast 50 list of the fastest-growing U.S. technology companies. iDirect operates its corporate headquarters in Herndon, Virginia and has regional offices in Europe, Asia, and covering Latin America. Additional information is available on the company website at www.idirect.net.


iDirect Technologies
Jon Douglas
Marketing and Communications
703-648-8042
jdouglas@idirect.net